2399 Ferrand St Monroe, LA
Call to check price and availability
Eight-suite business center with adjacent development land for sale.
Type:RETAIL
Property size:
8,160 SFLot size:
1.65 AcresPrice / SF:
$168/SF- Added:
- Apr 21, 2024
- Days on Market:
- 738
- Last Refresh:
- Apr 5 at 8:55 pm
Property Features for 2399 Ferrand St
General Information
- Standard status
- Active
- Size
- 8,160 SF
- Lot size
- 1.65 Acres
- Property subtype
- RETAIL
Listing agent Jennifer Causey License #LA995693195 (318) 261-0892
Listing office John Rea Realty (318) 261-0892
Listing date Apr 21, 2024
Source Moodyscre
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of John Rea Realty
Overview
Business Center and Development Land
This investment opportunity features an eight-suite business center and 1.65 acres of development land. The business center offers a 9.82% CAP rate at full occupancy. Each of the eight suites provides a versatile mix of warehouse and office space, suitable for small businesses, trades, or service providers. Each suite totals approximately 1,000 square feet, including approximately 800 square feet of warehouse space and approximately 200 square feet of office space. The warehouse areas feature 14-foot ceilings and 12-foot roll-up doors. Each office area includes a private entrance, climate control, and an ADA-compliant restroom. The adjacent development land consists of two lots: 0.73 acres fronting Armand Connector and 0.92 acres fronting Ferrand Street. The zoning is B-2 Neighborhood Business District, and all utilities are available at the site. The property is not in a flood zone. It offers prime visibility with easy access to Tower Drive, Ferrand Street, Highway 165/Sterlington Road, and I-20. The location is central, near Monroe’s medical, business, university, and financial districts. The land is ideal for future development, such as a professional office, medical facility, retail space, or restaurant. Seller blueprints for future expansion are included with purchase.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
The Swallowing Clinic of NELA
Physician
Extreme Shades Pro ...
Interior Design
Where Da Party At
(Bike/Boat/Book/etc) Store
Millennial Cookie
(Bike/Boat/Book/etc) Store
Location Insight
- Map
- Local Demand
- City
- Monroe
- County
- Ouachita
- State
- Louisiana
- Longitude
- -92.0825
- Latitude
- 32.5312
Nearby Similar for Sale
FAQs
What type of property is this?
Retail space - Eight-suite business center with adjacent development land for sale.
Where is this retail space located?
The property is located at 2399 Ferrand St Monroe, LA.
What is the asking price?
The asking price for this property is $1,378,697.
What are key features of this property?
This property features: High‑yield investment opportunity with a 9.82% CAP rate at full occupancy.; Includes 1.65 AC of development land with B‑2 zoning suitable for various commercial uses.; Eight turnkey suites, each with ±800 SF warehouse and ±200 SF office space.
